BTC trend 08-Jan-2024
Up only.
Bloomberg's analysts highlight that BlackRock is poised with over $2 billion ready for its ETF launch. Anticipation is high for significant investments from other major issuers like Fidelity, Invesco, Bitwise, and VanEck 🚀.
Ark Invest is reportedly planning a $200 million investment in their ETF, a move to substitute the recently sold GBTC holdings in their ARKW fund 🔥.
Additionally, there's already $200 million in seed capital announced 👌.
Summing up these figures, we're looking at a likely influx of over $2.5 billion. Considering the involvement of other issuers, the first day could see buy pressure reaching up to $4 billion.
Let's also remember the 620,000+ SEC/FINRA licensed investment professionals in the US, along with thousands of broker-dealers and over 15,000 RIAs 😉.
While they may not jump into ETFs immediately, we can expect them to gradually gain exposure in the following weeks 🔥.
Up only.
Bloomberg's analysts highlight that BlackRock is poised with over $2 billion ready for its ETF launch. Anticipation is high for significant investments from other major issuers like Fidelity, Invesco, Bitwise, and VanEck 🚀.
Ark Invest is reportedly planning a $200 million investment in their ETF, a move to substitute the recently sold GBTC holdings in their ARKW fund 🔥.
Additionally, there's already $200 million in seed capital announced 👌.
Summing up these figures, we're looking at a likely influx of over $2.5 billion. Considering the involvement of other issuers, the first day could see buy pressure reaching up to $4 billion.
Let's also remember the 620,000+ SEC/FINRA licensed investment professionals in the US, along with thousands of broker-dealers and over 15,000 RIAs 😉.
While they may not jump into ETFs immediately, we can expect them to gradually gain exposure in the following weeks 🔥.